On the heels of a wild couple of weeks of trading in global markets, today Canadian legend John Ing stalks about a surprise that may send the gold market soaring this week. Ing, who has been in the business for 43 years, also discussed the flight into gold around the world. Below is what Ing had to say in his fascinating interview.
With gold near $1,350, and the world worried about war breaking out in Ukraine, today an acclaimed money manager Stephen Leeb, says:
Eric, I’m focused on geopolitical factors and how desperate the West seems to be to keep this world running. Every day that goes by there are more signs of desperation. Putin is giving no sign whatsoever of backing down in Ukraine. It’s very clear that h...
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An informative video:
Research director Alasdair Macleod last week made a presentation to the Brazilian Chamber of Commerce in London about trends in the gold market, covering the long history of central bank intervention, the evidence that Western central bank gold has run out, and Asia's recent acquisition of huge volumes of gold on the eve of the likely bursting of the currency bubble....
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Angst in Asia overnight sparked another round of demand for the precious metal pushing gold up over $10 as copper crumbles and Chinese corporate bond markets drop.
At $1,363.97, gold is at its highest since September and breaking above its 1-year moving-average.
Intraday gold surged in Asian trading and is now well above the pre-Putin levels...
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March 10, 2014- London
Lloyds Private Banking via Daily Telegraph
Gold retreated in all currencies for a second day after U.S. jobs data was slightly bette...
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